Business US StOC-Wall slides on coronavirus fear, Intel offers application...

US StOC-Wall slides on coronavirus fear, Intel offers application losses


(To get a live blog on the U stock market., Click or print LIVE / in news window)

* Intel hit 19 years high after strong forecast

* Energy, health care, most financial stocks

* Officials confirm the second U. case of crown virus

* Indexes down: Dow 0.25%, S&P 0.41%, Nasdaq 0.22% (Traffic changes, price update)

By Sruthi Shankar

January 24 (Reuters) – Friday’s stock fell on Friday among renewed concerns about the spread of coronavirus outbreaks from China, offsetting strong Intel offsets.

The shares in the chipmaker jumped 8.9% to reach a 19-year peak after predicting 2020 earnings better than expected, in line with many of its colleagues to achieve the chip demand.

US health officials confirmed that the second case of Wuhan coronary was found in the United States in Chicago, adding nerves after the outbreak in China 26 people and more than 800 infections were killed in the past week, expressing concern about Economy world.

Airlines and travel stocks fell again, with United Airlines Holdings Inc. and American Airlines Group Inc. flowing about 4%.

“It has removed the wind from the market, because now rather than (Intel and American Express) stocks are coming under sales pressure,” said Peter Cardillo, a chief market economist at New Spartan Capital Securities in New York. York.

“It is a knee reaction,” Cardillo said, adding that there was strength in adequate earnings to raise markets.

The new Philadelphia SE semiconductor index, and Broadcom Inc met 1.9% after it entered into a procurement agreement with Apple Inc..

The analysts expect earnings by S&P companies to fall by 0.5% in the fourth quarter, but a 5.5% increase for the first quarter of 2020, according to IBES Refinitiv data.

American Express Co. increased by 2.4% after a better than expected quarterly profit as more people used their credit cards to shop and pay bills.

However, shares in a large bank of financial stocks, including JPMorgan Chase & Co. and Bank of America Corp., declined by more than 1.5%, by tracking a fall in US Treasury results.

At 11:47 a.m. ET, Middle Dow Jones Industrial was down 0.25% at 29,087.92. The S&P 500 fell 0.41% to 3,311.79 and Nasdaq Composite fell 0.22% to 9,382.10.

Healthcare stocks decreased by 1.4%, drawn down by Co and Amgen Inc.. Bristol-Myers Squibb.

Energy stocks decreased by 1.2%, with weaker oil prices being a concern about the Chinese coroners, restricting demand for travel and oil.

The declining issues and numbers of people progressing to the NYSE ratio were 1.67-to-1 and the Nasdaq ratio of 1.92-to-1.

The S&P index recorded 84 new 52-week peak and three new, while the Nasdaq recorded 104 new high points and 35 new ages. (Reporting by Sruthi Shankar and Ambar Warrick in Bengaluru; Editing by Shounak Dasgupta and Maju Samuel)


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